Graph and download economic data for Share of Net Worth Held by the Bottom 50% (1st to 50th Wealth Percentiles) (WFRBSB50215) from Q3 1989 to Q4 2024 about net worth, wealth, percentile, Net, and USA.

Graph and download economic data for Total Assets Held by the Bottom 50% (1st to 50th Wealth Percentiles) (WFRBLB50081) from Q3 1989 to Q4 2024 about wealth, percentile, assets, and USA.

As of 2023, Spain was the major economy in Europe with the highest share of national income taken home by the bottom 50 percent of earners. The country has seen a gradual increase in the share taken by the poorest 50 percent since the 1990s, with this share increasing from roughly 20 percent to over 21 percent in 2023. In stark contrast, Russia is the country which has seen the greatest decrease in the share of income taken by the bottom half. With the end of communist rule in 1991, the income of the poorest Russians nosedived from around 28 percent of national income, to less than 10 percent in 1996. Since then, the bottom half's share in Russia has increased, being approximately 16 percent in 2023.

Many of Europe's largest economies have seen falling shares of their national wealth taken by the bottom 50 percent of the wealth distribution since the 1990s. Italy in particular stands out as a particularly stark case, as the bottom half owned around 10 percent of the wealth in the country in 1995, while in 2021 they owned only 2.5 percent. Russia is the other country which has seen a consistent decline in the wealth of its poorest 50 percent, with the economic crises of the 1990s causing the poor to rapidly lose their share of wealth, but without any recovery during the years of economic success in the run-up to the 2008 financial crisis. Germany, France, Spain, and the United Kingdom have seen more moderate decreases in the bottom 50 percent share, with Spain and the UK in fact showing increases in their shares during the early 2000s, as their respective housing booms inflated the wealth of the poorest, before retracting during the financial crisis and great recession. Turkey stands out as an outlier among the large European economies, as the share taken by its bottom half has more than tripled since the 1990s, now having a higher share than in Russia and Italy. This period in Turkey has been marked by rapid economic growth, modernization, and urbanization, some of which has benefitted the poorest by providing new economic opportunities.

In the third quarter of 2024, the top ten percent of earners in the United States held over 67 percent of total wealth. This is fairly consistent with the second quarter of 2024. Comparatively, the wealth of the bottom 50 percent of earners has been slowly increasing since the start of the 2010s, though remains low. Wealth distribution in the United States by generation can be found here.

As of 2022, the top 10 percent Indian population group in terms of pre-tax income was estimated to hold over 57 percent of total income in India, whereas the bottom 50 percent group only made up just over 15 percent of total income. This reflected an even greater income gap compared to 2000.

In the first quarter of 2024, almost two-thirds percent of the total wealth in the United States was owned by the top 10 percent of earners. In comparison, the lowest 50 percent of earners only owned 2.5 percent of the total wealth. Income inequality in the U.S. Despite the idea that the United States is a country where hard work and pulling yourself up by your bootstraps will inevitably lead to success, this is often not the case. In 2023, 7.4 percent of U.S. households had an annual income under 15,000 U.S. dollars. With such a small percentage of people in the United States owning such a vast majority of the country’s wealth, the gap between the rich and poor in America remains stark. The top one percent The United States follows closely behind China as the country with the most billionaires in the world. Elon Musk alone held around 219 billion U.S. dollars in 2022. Over the past 50 years, the CEO-to-worker compensation ratio has exploded, causing the gap between rich and poor to grow, with some economists theorizing that this gap is the largest it has been since right before the Great Depression.

The poorest half of the world's population holds just around two percent of the global wealth, this represented a slight increase since 2000. By comparison, the richest percent holds more than 36 percent of the global wealth.

Graph and download economic data for Real Estate Held by the Bottom 50% (1st to 50th Wealth Percentiles) (WFRBLB50083) from Q3 1989 to Q4 2024 about wealth, percentile, real estate, and USA.

Graph and download economic data for Share of Financial Assets Held by the Bottom 50% (1st to 50th Wealth Percentiles) (WFRBSB50193) from Q3 1989 to Q4 2024 about wealth, percentile, financial, assets, and USA.

In 2022, from the total national wealth in Mexico, 79.1 percent belonged to the top ten percent group. Meanwhile, the bottom 50 percent had a total of -0.3 percent, which means that, on average, the bottom half has more debts than assets. Further, the average personal wealth of the top one percent was valued at 2.91 million euros.

Graph and download economic data for Corporate Equities and Mutual Fund Shares Held by the Bottom 50% (1st to 50th Wealth Percentiles) (WFRBLB50095) from Q3 1989 to Q4 2024 about mutual funds, wealth, equity, percentile, corporate, and USA.

In 2022, the average net personal wealth among the most affluent one percent of Spanish population was 3.15 million euros. On the other side, the wealth of bottom 50 percent of the wealth holders in the country was estimated at 17,300 euros. When looking at the evolution of wealth distribution in Spain during the last decades, it can be observed, that the share of wealth held by the least affluent half of the population is now lower than it was at the beginning of the 21th century.

In 2023, just over 50 percent of Americans had an annual household income that was less than 75,000 U.S. dollars. The median household income was 80,610 U.S. dollars in 2023. Income and wealth in the United States After the economic recession in 2009, income inequality in the U.S. is more prominent across many metropolitan areas. The Northeast region is regarded as one of the wealthiest in the country. Maryland, New Jersey, and Massachusetts were among the states with the highest median household income in 2020. In terms of income by race and ethnicity, the average income of Asian households was 94,903 U.S. dollars in 2020, while the median income for Black households was around half of that figure. What is the U.S. poverty threshold? The U.S. Census Bureau annually updates its list of poverty levels. Preliminary estimates show that the average poverty threshold for a family of four people was 26,500 U.S. dollars in 2021, which is around 100 U.S. dollars less than the previous year. There were an estimated 37.9 million people in poverty across the United States in 2021, which was around 11.6 percent of the population. Approximately 19.5 percent of those in poverty were Black, while 8.2 percent were white.

Graph and download economic data for Total Deposits Held by the Bottom 50% (1st to 50th Wealth Percentiles) (WFRBLDEB50) from Q3 1989 to Q4 2024 about wealth, percentile, deposits, and USA.

In Brazil, the bottom 50 percent had a negative average personal wealth in 2021, which means that the value of their debts exceeded that of their assets. In comparison, in Argentina, average personal wealth of the bottom 50 percent reached 3,500 euros that same year. In stark contrast, the richest one percent in Brazil held an average wealth of 1.79 million euros, revealing the high level of inequality i the country.

Graph and download economic data for Consumer Durables Held by the Bottom 50% (1st to 50th Wealth Percentiles) (WFRBLB50084) from Q3 1989 to Q4 2024 about wealth, percentile, durable goods, consumer, goods, and USA.

Graph and download economic data for Share of Checkable Deposits and Currency Held by the Bottom 50% (1st to 50th Wealth Percentiles) (DISCONTINUED) (WFRBSB50194) from Q3 1989 to Q2 2022 about checkable, wealth, percentile, deposits, currency, and USA.

During the period from 1995 to 2021, the top one percent of wealthy people in Europe increased their share of the wealth distribution from 22 percent to over 26 percent. Over the same period, the wealth of the bottom 50 percent and the middle forty percent (top 10-50%) of people saw their shares shrink, while the share of wealth owned by the rest of the top 10 percent remained stable, at between 35 and 36 percent. The top 10 percent of wealthy people collectively own more than the remaining 90 percent of people in Europe combined in all years of this period.

About this dataset

Context

The dataset presents median income data over a decade or more for males and females categorized by Total, Full-Time Year-Round (FT), and Part-Time (PT) employment in Ship Bottom. It showcases annual income, providing insights into gender-specific income distributions and the disparities between full-time and part-time work. The dataset can be utilized to gain insights into gender-based pay disparity trends and explore the variations in income for male and female individuals.

Key observations: Insights from 2023

Based on our analysis ACS 2019-2023 5-Year Estimates, we present the following observations: - All workers, aged 15 years and older: In Ship Bottom, the median income for all workers aged 15 years and older, regardless of work hours, was $74,583 for males and $41,176 for females.

These income figures highlight a substantial gender-based income gap in Ship Bottom. Women, regardless of work hours, earn 55 cents for each dollar earned by men. This significant gender pay gap, approximately 45%, underscores concerning gender-based income inequality in the borough of Ship Bottom.

- Full-time workers, aged 15 years and older: In Ship Bottom, among full-time, year-round workers aged 15 years and older, males earned a median income of $122,000, while females earned $110,938, resulting in a 9% gender pay gap among full-time workers. This illustrates that women earn 91 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the borough of Ship Bottom.

Interestingly, when analyzing income across all roles, including non-full-time employment, the gender pay gap percentage was higher for women compared to men. It appears that full-time employment presents a more favorable income scenario for women compared to other employment patterns in Ship Bottom.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2023-inflation-adjusted dollars.

Gender classifications include:

• Male
• Female

Employment type classifications include:

• Full-time, year-round: A full-time, year-round worker is a person who worked full time (35 or more hours per week) and 50 or more weeks during the previous calendar year.
• Part-time: A part-time worker is a person who worked less than 35 hours per week during the previous calendar year.

Variables / Data Columns

• Year: This column presents the data year. Expected values are 2010 to 2023
• Male Total Income: Annual median income, for males regardless of work hours
• Male FT Income: Annual median income, for males working full time, year-round
• Male PT Income: Annual median income, for males working part time
• Female Total Income: Annual median income, for females regardless of work hours
• Female FT Income: Annual median income, for females working full time, year-round
• Female PT Income: Annual median income, for females working part time

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Ship Bottom median household income by race. You can refer the same here